Symbol Lookup
Markets Plunge As Fiscal Cliff Looms
Published: 12/21/12 12:59 PM EST
The markets extended its losses during the midday with the Dow collapsing 172 points to 13,139 as a fiscal cliff deal continued to elude lawmakers. Nasdaq plummeted 43 points to 3007.
The markets extended its losses during the midday with the Dow collapsing 172 points to 13,139 as a fiscal cliff deal continued to elude lawmakers. Nasdaq plummeted 43 points to 3007.
On the upside
Second quarter earnings slipped for Nike (NKE) but the results were better than expected.
FirstCity Financial (FCFC) will by acquired by Varde Partners in an all cash deal valued at approximately $106 million.
EQT Infrastructure will take Westway Group (WWAY) private for approximately $419 million.
On the downside
Argus Research downgraded Herbalife (HLF) to a Hold rating after Pershing Square Capital Management's Bill Ackman called the nutritional supplement company a pyramid scheme. After rejecting American Railcar Industries' (NYSE: ARII) sweetened buyout bid, Greenbrier (GBX) indicated that it was willing to engage in further discussions.
Echo Therapeutics (ECTE) priced its public offering of 3.2 million common shares at the discounted price of $0.95 per share.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 index tumbled 19 points to 1424.

MarketMinute.com Market Updates
Wed, May 22, 2013
07:07 PM Sharply Lower Close On Disappointing Earnings
03:07 PM Markets Retreat To Trade Mixed
10:42 AM Fed To Continue Stimulus Program, Markets Soar
Tue, May 21, 2013
06:26 PM Dow Rises To Another Record
01:34 PM Markets Advance Ahead Of Bernanke Testimony
10:43 AM Mixed Open Ahead Of Apple's Testimony
Mon, May 20, 2013
06:07 PM Investors Lock In Profits
03:00 PM Profit Taking Weighs Down Markets
10:42 AM Mixed Open After Records Last Week
Fri, May 17, 2013
06:22 PM Records For Fourth Consecutive Week
03:02 PM Markets Rise As Consumer Sentiment Climbs
10:42 AM High Open As Consumer Sentiment Climbs
Thu, May 16, 2013
06:29 PM Economic Data Weighs Down Markets
02:20 PM Markets Rise On Upbeat Earnings
10:42 AM Mixed Open As Jobless Claims Rise
Wed, May 15, 2013
06:43 PM Record Dow Close Again
01:23 PM Rise In Homebuilder Confidence Lifts Markets
11:30 AM Lower Open As Factory Output Drops
Tue, May 14, 2013
06:27 PM Another Dow Record As Investor Confidence Grows
01:03 PM Investor Optimism Lifts Markets
10:42 AM Higher Open On Lower Import Prices
Mon, May 13, 2013
06:07 PM Mixed Close Over Stimulus Concerns
01:34 PM Markets Mixed As Retail Sales Rise
10:43 AM Stimulus May End, Markets Open Lower
Fri, May 10, 2013
06:31 PM Another Winning Week
02:06 PM Mixed Markets As Investors Monitor Global Developments
11:33 AM Mixed Open After Record Week
Thu, May 09, 2013
06:01 PM Markets Retreat From Record Highs
03:13 PM Markets Rise As Jobless Claims Drop
10:42 AM Markets Retreat After Yesterday's Record Close
 

Powered By: FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes.
All other data is delayed at least 20 minutes.
By accessing this page, you agree to the following terms and conditions.
Real Time Stock News provided by MarketMinute.com
Mortgage Rates, CD Rates & Home Equity Rates provided by Banks.com
Stock Analysis provided by SocialPicks Conference calls info supplied by OpenCompany
Fundamental data supplied by Mergent, Inc.
Stock quote data supplied by Telekurs
Bots go here
close window
E-mail Article to a Friend




CLOSE WINDOW